INTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0185%/8h= +20.2% APRnext payment +$0.23 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against Deribit+0.033%70s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.418% of the position

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.154%+$15 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.033%, 7d avg +0.008%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.024% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit INTC_USDC-PERPETUAL	122.34	0.0077	pay 0.0010% / 1h	45m 31s	$21K	$180K	10x
Short	Phoenix INTC	122.38	0.0262	get 0.0033% / 1h	45m 31s	$47K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersPrice spread, now +0.033%Rate

Funding earned: $38.81
Price spread: +0.033% → +0.008%: $2.44
Slippage, 4 orders: −$27.85
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$0.6
Costs to cover: 0.418%
Break-even: 7.1 days

Slippage from Deribit: live order book, 38 min ago; Phoenix: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 38 min ago	5.33 bp	8.8 bp −$9	13.1 bp −$131	doesn't fit	doesn't fit
Sell Phoenix live order book, 35 min ago	2.46 bp	10.9 bp −$11	22.9 bp −$229	doesn't fit	doesn't fit

INTC on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster INTCUSDT	0.0000%	8h	122.46	+0.098%	$304K	$502K	20x	as long as short
OKX INTC-USDT-SWAP	0.0000%	8h	122.58	+0.196%	$18.4M	$68.7M	25x	as long as short
Gate INTC_USDT	0.0000%	8h	122.50	+0.131%	$9.0M	$32.0M	75x	as long as short
GRVT INTC_USDT_Perp	0.0000%	8h	122.42	+0.065%	$918K	$1.5M	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	122.46	+0.098%	$1.7M	$51K	10x	as long as short
Variational Omni INTC	+0.0008%	8h	122.39	+0.045%	$2.1M	$2.4M	—	as long as short
Bybit INTCUSDT	+0.0013%	8h	122.56	+0.180%	$13.4M	$29.0M	50x	as long as short
Lighter RH INTC	+0.0032%	1h	122.48	+0.114%	$602K	$3.0M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	−0.817%	$213	$23K	12x	as long as short
Aftermath Perps INTCUSD	+0.0041%	1h	122.34	0.000%	$2K	$52K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest INTC-USD-PERP	+0.0046%	1h	122.52	+0.147%	—	$1.5M	25x	as long as short
SoDEX INTC-USD	+0.0050%	1h	122.43	+0.074%	$27K	$3K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	122.32	−0.016%	$1.3M	$2.2M	10x	as long as short
Extended INTC_24_5-USD	+0.0056%	1h	122.49	+0.123%	$338K	$1.1M	10x	as long as short
Binance INTCUSDT	+0.0058%	8h	122.55	+0.175%	$71.7M	$410.8M	25x	as long as short
QFEX INTC-USD	+0.0060%	1h	122.53	+0.155%	$1.9M	$15.1M	10x	as long as short
Coinbase International INTC-PERP-INTX	+0.0064%	1h	122.31	−0.025%	$272K	$1.2M	10x	as long as short
Nado INTC-PERP	+0.0069%	1h	122.42	+0.063%	$168K	$231K	10x	as long as short
Deribit INTC_USDC-PERPETUALlong	+0.0077%	1h	122.34	long leg	$21K	$180K	10x
Paradex INTC-USD-PERP	+0.0090%	8h	122.46	+0.098%	—	—	5x	as long as short
Aevo INTC-PERP	+0.0096%	1h	122.44	+0.083%	$49K	—	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	122.44	+0.082%	$45K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	122.40	+0.049%	$4K	$3K	10x	as long as short
Polymarket Perps INTC-USD	+0.0123%	1h	122.52	+0.147%	$204K	$406K	10x	as long as short
KuCoin INTCUSDTM	+0.0134%	8h	122.37	+0.025%	$1.2M	$59K	20x	as long as short
BloFin INTC-USDT	+0.0177%	8h	122.34	0.000%	$900K	$317K	25x	as long as short
tradeXYZ xyz:INTC	+0.0211%	1h	122.46	+0.098%	$144.8M	$80.3M	10x	as long as short
Bitget INTCUSDT	+0.0221%	8h	122.60	+0.213%	$25.5M	$34.2M	50x	as long as short
RISEx INTC/USDC	+0.0257%	1h	122.52	+0.149%	$329K	$366K	10x	as long as short
Phoenix INTCshort	+0.0262%	1h	122.38	+0.033%	$47K	$256K	10x
Lighter INTC	+0.0384%	1h	122.53	+0.151%	$1.5M	$1.9M	10x	as long as short
edgeX INTCUSDC	+0.0437%	4h	122.41	+0.057%	$87K	$288K	10x	as long as short
Arcus INTC-USD	+0.0693%	1h	122.50	+0.131%	$107K	$299K	10x	as long as short